Smith, Hubble
February 2009
Las Vegas Business Press (10712186);2/23/2009, Vol. 26 Issue 8, pP18
The article reports on the decline in the price of existing homes in Las Vegas, Nevada and a drop in sales in January 2009. According to the Greater Las Vegas Association of Realtors, sales of single-family home declined by 11 percent from December 2008 to January 2009. Figures from Home Builders Research also show a 36 percent decrease in the median home price to $160,000. Sales of condominiums and townhomes increased by 161.9 percent while inventory of homes for sale remained unchanged.


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